The trend estimate of the balance on goods and services was a surplus of $2,386m in January 2011, an increase of $109m on the surplus in December 2010.
In seasonally adjusted terms, exports fell $1,003m (4%) to $23,639m. Non-rural goods fell $1,403m (8%) and rural goods fell $37m (2%). Non-monetary gold rose $422m (38%) and net exports of goods under merchanting rose $5m. Services credits rose $10m.
In seasonally adjusted terms, imports fell $860m (4%) to $21,764m. Intermediate and other merchandise goods fell $904m (11%), non-monetary gold fell $102m (26%) and consumption goods fell $79m (1%). Capital goods rose $128m (3%). Services debits rose $98m (2%).